Do you still believe in the perfect trading system? | Page 18 | Forex Factory

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Do you still believe in the perfect trading system?

  • #341
  • Oct 16, 2012 10:39am Oct 16, 2012 10:39am
I on't believe in the Holy Grail simply because the market is always changing and you can't always be 100% sure. However, I think it is possible to achieve success.
  • #342
  • Oct 19, 2012 8:40am Oct 19, 2012 8:40am
Quoting markmm
Thats why every trader should do a lot of studying on Market structure and economics etc before trading, you dont want to be trading without all the information.
you make sense more times then not

but "Economics" got NOTHING and i mean NOTHING to do with this my friend. Keep the newbies abreast the right way u heard.

Keep up the good work btw.
  • #343
  • Oct 19, 2012 8:59am Oct 19, 2012 8:59am
Quoting tunera
Hi all, after many years of trading, a question come to me, and it make me very curious about what other people think.

Well, the question is, do you still belive in the holy grail?

Be sincere, tnx
If you start winning consistently then your broker will want to know how. Once they establish the pattern (repetitive entry/exit points) then you're gone. Have had many systems that work through stringent testing but put a dollar to them and the market action is different.
  • #344
  • Oct 19, 2012 9:04am Oct 19, 2012 9:04am
i don't believe in the Holy Grail but i believe in my system
  • #345
  • Oct 19, 2012 9:18am Oct 19, 2012 9:18am
Quoting Custos
Yeah, I heard that the ones who were not successful, didn't apply the rules consistently, whereas the ones who shut down their brain and just applied the rules again and again were the really successful ones among the turtles.
No one notes they traded the 1982 - 1987 bull run. Best market to trade breakouts.
  • #346
  • Oct 20, 2012 2:23pm Oct 20, 2012 2:23pm
Quoting PipLegend
"Being able to stick to a trading plan and knowing when to trade plans"

Well explained and a thorough conviction,I feel you,break it down for those who would like to know ^_^
It's true. You have to follow your trading plan and know when to trade and when not. If newbie get super/hiper system he can MC his account becouse he don't understand in what conditions of market use
  • #347
  • Oct 22, 2012 4:08pm Oct 22, 2012 4:08pm
No, I don't believe in holy grail. Actually now I am like to trade naked analysis that means without indicator but only using candlestick chart. I find it better. Because in a naked chart you can easily draw trendline, support and resistance by keep deep analysis on market movement.
  • #348
  • Oct 22, 2012 4:42pm Oct 22, 2012 4:42pm
Yes, there is one out there. The turtles are the living proof.
  • #349
  • Oct 22, 2012 4:46pm Oct 22, 2012 4:46pm
Inserted Video


I'm sure the system works.
  • #350
  • Oct 22, 2012 7:02pm Oct 22, 2012 7:02pm
Here's the essence of the video for those who find it too long to watch, like me...

 

  1. Buy long (or sell short) when the market makes a higher high (or lower low) than it has made in the past twenty days (or bars on your chart).
  2. Exit this position when the market makes its lowest low (highest high) of the past ten days (bars) in the opposite direction against your position.
  3. Use 2% of your bankroll as a hard money stop loss point if the market starts going the wrong way.
  4. Do not have any profit target, the only way you get out of a profitable trade is when the market turns against you.

Really, that's all there is to it!

  • #351
  • Last Post: Oct 22, 2012 9:28pm Oct 22, 2012 9:28pm
in my oppinoin,there's no perfect system but really have perfect performance.
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